What is the required asset turnover for a firm with a 12% profit margin,50% equity,and a 40% dividend payout that wishes to grow at 6% without increasing financial leverage?

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The required asset turnover is calculated as follows:Asset turnover = (1 - Dividend payout ratio) x (Profit margin / Growth rate)= (1 - 0.4) x (0.12 / 0.06)= 0.6 x 2= 0.42

What Is the Required Asset Turnover for a Firm with a 12